Looking for a Long In Oil
We are at a key area at the moment where oil is bouncing and may take off again to retest the highs of the 34 area. If you are looking to get long this just might be the area to do it. I am long in both the spot market and the futures market. The Asian session is fairly mild in volume compared to the other sessions but what is good about it is you usually avoid the HFT and algo guys that you get in the US session. So price has more of a chance to do what it is supposed to in a free market system. Price does not move that fast but it does flow in a orderly fashion. If you are patient you should do ok. A move below 30.30 would nullify my view.
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